Cyberlux Corp CYBL

CYBL Beats its Revenue Guidance by 17% for the Full Year

[AveragePenny]

Along with the stellar revenue results, December was a remarkable month of accomplishments. Here's a quick recap of what transpired:

• We reported revenue for December of $1.7 million which exceeded both the June projection of $0.5 million by 341% and the new revised December guidance of $0.6 million by $1.1 million and 304%. In addition, our year-to-date revenue through December of $7.7 million also exceeded our revised full year 2021 revenue guidance of $6.6 million by $1.1 million as well.
• We beat our June revenue guidance for the full year 2021 by $2.5 million, over 200% above the $5.2 million projection. In addition, we expect to post positive net income from Operations for the full year 2021.
  We announced that Mr. Aaron Goodman has joined the Board of Directors as a new director who will help guide the corporate acquisition strategy and execution. Mr. Goodman brings significant experience in mergers and acquisitions (M&A) to Cyberlux, and he has held senior leadership positions at some of the world's largest financial firms. Mr. Goodman also brings an extensive knowledge of technology and Big Data to the Cyberlux Board of Directors and will help drive the Company's objective to uplist to the NASDAQ exchange.
• We announced that Mr. Paul "NURK" Nurkkala, Worldwide Champion of the Drone Racing League's (DRL) 2018 season, and 2021 DRL Race Season Commentator, has joined the Company as its FlightEye Chief Test Pilot, an industry first within the unmanned aircraft industry, and Technical Advisory Board Member. Mr. Nurkkala, known professionally as "NURK", brings to Cyberlux the very highest levels of flight skills of any pilot in the international UAS industry today. NURK's UAS piloting skills, extended from his World Champion Drone Racing League achievement to Drone Cinematography, are highly respected within the Film Industry and across the entire UAS industry. Mr. Nurkkala's remote piloting skills have become legendary, and NURK's deep skills and vast experience in all areas of UAS technology and his strategic intellectual property contributions will now be a force multiplier for the Cyberlux FlightEye UAS business unit.
• We announced that we acquired Kreatx SHPK (https://www.kreatx.com), a developer of innovative software solutions. Kreatx has extensive knowledge and experience in building SaaS solutions and end-user applications, which will support Cyberlux in building end-to-end SaaS offerings, required by global governments and commercial customers. With this transaction, Kreatx will add to the foundation of the Cyberlux Infrastructure Software Solutions (Cyberlux ISS) business unit and advance the Cyberlux strategy for its new Cyberlux Digital Software Platform, a core business grow strategy in 2022, to deliver on the Company's global SaaS strategy, with expansion set for North America, Europe and South America.
• We had our first full company Management Interlock meeting to finalize 2021 business and plan our 2022 Roadmap. We expect to hold these meetings quarterly and will continue to expand the team going forward with each acquisition and partnership.
• Last, and perhaps most importantly, we achieved our 2021 Strategic Intellectual Property (IP) objectives with our development work and our acquisitions. With significant discussions with our Partners, we will continue to harness and monetize our developments into shareholder value and further information may be disclosed once our collective IP is fully protected. We will provide more details as our new offerings are introduced.

https://www.accesswire.com/684677/cyberlux-corporation-otc-cybl-beats-its-revenue-guidance-by-17-for-the-full-year-2021-to-drive-the-key-accomplishments-for-the-month-of-december-2021